Business

‘Port of Galle to be made a tourist port’: State Minister of Ports Development Kanaka Herath

Views - 70 Wednesday, 15 January 2020 01:07

State Minister of Ports Development Kanaka Herath made a special inspection visit at the Port of Galle recently with the objective of seeking possibilities to make it a tourist port.


Program to reduce soil erosion in 2,500 hectares of land

Views - 17 Wednesday, 15 January 2020 01:06

Steps are being taken to reduce soil erosion in 2,500 hectares of land as per the 2020 development plan of the Hadabima Authority of Sri Lanka and an annual budget of 150 million rupees has been allocated for the program.


SLAITO welcomes Thilak Weerasinghe’s appointments

Views - 126 Wednesday, 15 January 2020 01:05

The Sri Lanka Association of Inbound Tour Operators in a statement congratulated Thilak Weerasinghe on his appointment to the Board of Airport and Aviation Services (Sri Lanka) Ltd. and the Sri Lanka Tourism Development Authority (SLTDA).


‘Born in Sri Lanka’: Country-Of-Origin Mark supports SL brands in the global market

Views - 989 Tuesday, 14 January 2020 00:00

The Sri Lankan Export Development Board’s country-of-origin certification mark for the spices sector supports growers, processors and manufacturers by helping them to identify their products as ‘Sri Lankan Born,’ and informs customers and consu


Advocata calls for entrepreneurship stories

Views - 50 Tuesday, 14 January 2020 00:00

Advocata Institute recently launched a study on removing barriers to Micro and Small Entrepreneurs (MSEs) through regulatory and legislative reform. The economic contributions of MSEs are seen as one of the major driving forces pushing economic growt


New Commissioner General appointed to Excise Dept.

Views - 56 Tuesday, 14 January 2020 00:00

A. Bodaragama, who served as an Advisor to the Ministry of Finance, Economic and Policy Development, has been appointed as the Commissioner General of Excise. He joined the Department in 1985 as an excise inspector and has held various posts in the E


Five Sri Lankan companies to participate at Ambiente 2020

Views - 82 Tuesday, 14 January 2020 00:00

Five Sri Lankan companies will participate at the world’s largest consumer goods show, Ambiente in Frankfurt, Germany next month. Ambiente 2020 is offering a unique spectrum of products for the table, kitchen and housewares, gifts and decorative ar


Chaudhary Group: Forging ahead globally, uplifting Nepal locally

Views - 888 Monday, 13 January 2020 09:39

As Chaudhary Group (CG) Managing Director Nirvana Chaudhary increasingly takes command of his family-owned, third generation business empire from his father, CG Chairman and President Binod Chaudhary, a role he has been groomed for since he was a


Global growth of 2.5% in 2020 amid mounting debt, slowing productivity gain: WB

Views - 50 Monday, 13 January 2020 09:03

WASHINGTON: Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist, the World Bank said in its January 2020 Global Economic Prospects.


Bahrain Chambers to assist Sri Lanka in trade and investment

Views - 39 Monday, 13 January 2020 08:28

Sri Lanka Ambassador to the Kingdom of Bahrain Pradeepa Saram met with Bahrain Chamber of Commerce and Industry (BCCI) Chairman Sameer Nass at Bait Al Tijjar on 7 January. The meeting hailed the cordial bilateral relations that exist between the two


Sri Lanka – Japan Business Council of the Ceylon Chamber of Commerce holds 40th AGM

Views - 91 Monday, 13 January 2020 08:26

The 40th Annual General Meeting of the Sri Lanka – Japan Business Council of the Ceylon Chamber of Commerce was held recently. The Sri Lanka – Japan Business Council was set up in 1979 as the Sri Lanka – Japan Business Co-operation Committee (


Browns Hospitals honoured at National Business Excellence Awards

Views - 276 Monday, 13 January 2020 08:25

Browns Hospitals was recognised for the second consecutive year for its exceptional commitment in healthcare sector at the recently concluded National Business Excellence Awards 2019. Accordingly, Browns Hospitals emerged runners-up under the Healthc


Power Ministry cautions CEB on hydropower generation

Views - 51 Monday, 13 January 2020 08:23

The Ceylon Electricity Board (CEB) has been asked to exercise caution when using water for power generation despite there being a considerable volume of water in reservoirs, the Power and Energy Ministry said in a statement yesterday.


SriLankan Airlines clarifies claims on purchases of drinking water

Views - 120 Friday, 10 January 2020 00:00

SriLankan Airlines yesterday issued a clarification on what it described as erroneous news items with regard to the purchase of drinking water for its valued passengers. As per the statement the correct facts are as follows. Due to the extensive time


Joint program to develop tourism, investment, aviation services

Views - 79 Friday, 10 January 2020 00:00

Comprehensive strategy by early Feb. Govt. expects 7 m tourist arrivals, earnings over $ 10 b by 2030 By Charumini de Silva The Government is planning a joint program for the development of the tourism, aviation and investment promotion sectors to


Kotagala Kahata Tea concludes ‘Rasa wasana’ consumer promotion

Views - 61 Friday, 10 January 2020 00:00

The ‘Kotagala Kahata – Rasa Wasana’ consumer promotion, which took place from 5 September to 8 November 2019, recently came to a successful conclusion. 20 TVS Scooty Peps were awarded to the winners of the competition at a special prize giving


PIM recognised for its employee value addition at Productivity Awards

Views - 58 Thursday, 9 January 2020 01:39

The Postgraduate Institute of Management (PIM), the nation’s management mentor, was recently awarded a special commendation in the Service Sector (Small Category) at the National Productivity Awards organised by the National Productivity Secretaria


Dipped Products participates at Intersec Dubai 2020

Views - 54 Thursday, 9 January 2020 01:39

Dipped Products PLC (DPL) from Sri Lanka is participating at the 22nd edition of Intersec Dubai 2020, which brings thousands of security and safety solutions under one location. Intersec has a broad profile with vertical sections of Commercial and In


UL changes Colombo-London route to avoid airspace of Iran, Iraq

Views - 34 Thursday, 9 January 2020 01:37

Sri Lanka’s national carrier SriLankan Airlines has altered the route of its Colombo-London-Colombo flights to avoid the airspace of Iran and Iraq with immediate effect. The precautionary measure was taken due to the prevailing unsettled situation


ICC Sri Lanka launches new and improved electronic Certificate of Origin website

Views - 48 Thursday, 9 January 2020 01:37

The International Chamber of Commerce Sri Lanka has relaunched its electronic Certificate of Origin (eCOO) website (www.coo.iccsrilanka.com) with new features from 1 January 2020. Improvements to the website will pave the way for ICC Sri Lanka eCOO


Veteran technologist appointed Chairman of Ceylon Ceramic Corporation

Views - 102 Thursday, 9 January 2020 01:37

Industries Minister Wimal Weerawansa has appointed veteran ceramic technologist Jude Fernando as the new Chairman of Ceylon Ceramic Corporation. Fernando has previously served the multinational ceramic giant Noritake as a top executive for over 30 y


Restaurant owners want price controls for big onions and potatoes

Views - 116 Thursday, 9 January 2020 01:36

The Association of Sri Lanka Restaurant Owners (AOSRO) yesterday charged that middlemen engaged in the vegetable transportation industry were manipulating potato and big onion prices despite tax reductions by the Government. The Government reduced ta


Lankatiles collaborates with Chinese company and American counterpart to export mosaic tiles to USA

Views - 248 Wednesday, 8 January 2020 00:00

Lankatiles, the pioneering wall and floor tile manufacturer in Sri Lanka, announced that it would be entering the globally-competitive mosaic tiles segment. Lankatiles will collaborate with a Chinese mosaic tile manufacturer, Foshan Shiwan Yulong Ce


Kumarasinghe Sirisena resigns as SLT Chairman

Views - 202 Wednesday, 8 January 2020 00:00

Former President Maithripala Sirisena’s brother P.G Kumarasinghe Sirisena has resigned as Sri Lanka Telecom (SLT) Chairman. Sirisena’s resignation was mentioned in a stock exchange filing. The resignation came into effect on Monday 6 January. T


New DG for National Budget Dept.

Views - 69 Wednesday, 8 January 2020 00:00

The Finance Ministry yesterday said Jude Nilukshan has been appointed as the new Director General of the National Budget Department. Nilukshan, who is a Grade One Sri Lanka Administrative Service Officer, was previously a Senior Assistant Secretary a


Commercial High Court restrains Dharshan International from marketing ‘Patchouli’ trademark

Views - 49 Wednesday, 8 January 2020 00:00

By S. S. Selvanayagam The Commercial High Court, on 31 December, extended till 28 January the Enjoining Order restraining Dharshan International Ltd. and its Directors from using, manufacturing, marketing, selling or distributing incense sticks under


Unravelling LOLC’s mega success with Ishara and Kapila

Views - 4082 Wednesday, 8 January 2020 00:00

Ishara Nanayakkara, a dynamic business tycoon who won the title of the Youngest Entrepreneur in Asia Pacific in 2012 and the brains behind the success of the LOLC Group, recently topped the rich list of Sri Lanka. Kapila Jayawardena, a banking vetera


Atlas wins Business Excellence Award 2019

Views - 47 Tuesday, 7 January 2020 01:15

Atlas Axillia Co. Ltd., Sri Lanka’s largest manufacturer and marketer of stationery and back-to-school supplies, has been awarded the prestigious National Business Excellence Award 2019 in the ‘Manufacturing-Other Sector’. The award was presen


SLT annual report recognised by SAFA Best Presented Annual Report Awards 2018

Views - 28 Tuesday, 7 January 2020 01:13

Sri Lanka Telecom (SLT), the leading ICT and digital solutions provider to the nation was recognised once again at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governa


By implementing even the 1960s plan, SL can cross 6% + GDP growth: Rohantha

Views - 151 Tuesday, 7 January 2020 00:39

One of the most powerful high network Rotary Clubs of Sri Lanka, Rotary Club of Colombo East, invited respected business professional Dr. Rohantha Athukorala, CEO of a leading South Asian regional AI company, to speak on the topic ‘Way forward –


Today's Columnists

Strategies towards the vision of ‘Clean Country – Green Environment’

Tuesday, 28 January 2020

Sri Lanka is a small island in South Asia. In early times, it was named the Pearl of the Indian Ocean. But what is happening to the pearl now? As a result of urbanisation and increase of population, environmental issues related to solid waste are inc


Has Sri Lanka really understood India’s economic potential?

Tuesday, 28 January 2020

India, a land with a diverse culture and heritage, is no doubt the centre of the South Asia that can take rest of the countries surrounding it to greater economic prosperity within the next few decades. This article is not a technical analysis of Ind


A challenge for President Gotabaya Rajapaksa: The societal, economic and political debt

Tuesday, 28 January 2020

The challenges before President Rajapaksa in balancing and striving towards balancing the societal, economic and political balance sheets is enormous. Although shown separately, these three are interconnected and interdependent, therefore requiring a


Gota’s ‘Viyathmaga’ to the future

Tuesday, 28 January 2020

Any critical assessment of President Gotabaya Rajapaksa must take into consideration the salient characteristics that make him stand out from the run-of-the-mill politicians who had occupied the peaks of power.


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